Tanzania Continues to Claim Top position as One of The Best Investment Destination.

 


The Tanzania Investment Centre (TIC) records show that Tanzania has garnered a whopping $1.2 billion in FDI in the first quarter of 2023. It further shows increased investment by 52.4% from January to March of 2023 compared to the same period in 2022, owing to an improvement in the economic climate and as a result of current mega-infrastructure projects undertaken by the Government. The investment is directed at 93 projects that is expected to create no less than16,400 jobs.

The strong success is credited to the Government's continued efforts to create a favorable business climate and Tanzania's return to international arbitration as a result of modifications to the Tanzania Arbitration Act (R.E. 2020).

Comments

Post a Comment

Popular posts from this blog

Tanzania-Nigeria Tourism, Investment and Trade (TN-TIT) Forum

Image
The High Commissioner, H. E. Dr Benson A. Bana and Counsellor, Mr Elias Mwandobo His Excellency and Barr Dotun Israel, CEO Diplomatic Vista Participants viewing  the Tanzania products on display at the event The President of NACCIMA, Hajia Saratu Iya Aliyu and CEO/ES of Nigerian Investment Promotion Council (NIPC) Representatives of Kano Chamber of Commerce, Industry Mines & Agriculture Representatives of Tanzania Diaspora in Nigeria and Chief Tony Ejinkeonye H. E. Dr Benson Alfred Bana, High Commissioner Dr Aliyu Idi Hong, Director Government Relations, BUA Group. Members of Tanzania Diaspora in Nigeria Hajia Saratu Iya Aliyu, President NACCIMA Mrs Yewande Sadiku, CEO/ES of NIPC A cross section of the Key Speakers and some Investors Tanzania Products on display IT Support desk for the forum Mrs Susan Akporiaye, President of the National Association of Nigeria Travel Agencies Ms Uchechi Rochas Okorocha, DG of Rochas Foundation College Ms Cecile Doumbe, CEO, CMD Travel and Tours...
Read more

H. E Dr Benson Bana Meets with Chief Nabil Ahmed Saleh, President of Port Harcourt Chamber of Commerce (PHCCIMA) and Leader of the Private Sector in Rivers State, Nigeria

Image
  H. E. Dr. Benson A. Bana and Chief Nabil Ahmed Saleh, President of PHCCIMA The High Commissioner meets with the leadership of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) in Port Harcourt Rivers State on Friday, 2nd July, 2021. PHCCIMA is the leader of the private sector in River State. Rivers State is regarded as a gateway to the oil rich region of the Niger Delta in Nigeria. This meeting is intended to deliver a platform for linking the business community of the Niger Delta in Nigeria and their counterparts in Tanzania via the chambers of commerce. This interaction will hopefully birth a partnership between the PHCCIMA and Tanzania counterparts like the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) , Zanzibar National Chamber of Commerce (ZNCC) and the Tanzania Private Sector Foundation (TPSF). The High Commissioner with the Executives of PHCCIMA, including  The President, was accompanied by the1st Deputy Presi...
Read more

TANZANIA INVVESTMENT CENTRE: Investment Projects Seeking Joint Venture Partnership , 2022- Updated Version

Image
  Are you thinking of where to invest, make profit and have confidence on your investment? The    United Republic of Tanzania beckons. Hear what our investors say about us: “I think the business environment here has changed dramatically. Things are opening up and I can assure you I will now be the champion of Tanzania wherever I go and tell people that things have changed. They should come and invest heavily here” - Alhaji Aliko Dangote, Richest Man in Africa (24th May, 2021). “…We commenced operations in Tanzania 5 years ago with a limited investment of $10million and today we have over a $100million invested in the country.  This is due to the ease of doing business, pursuit of national interest by the leadership leading to Foreign Direct Investment and attraction to the country….” Mr. Temitope Shonubi, Group Chairman, Sahara Group (4th May, 2021). Download document from: https://lnkd.in/dBUPZHBQ
Read more